Automatic Data Processing Inc (ADP) Files Form 4 Insider Selling : Michael C Eberhard Sells 3,412 Shares

Automatic Data Processing Inc (ADP): Michael C Eberhard , Corporate Vice President of Automatic Data Processing Inc sold 3,412 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $92.00 per share for a total value of $313,904.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Maria Black (Corp. VP) sold 1,855 shares at $92.00 per share price.On Jun 8, 2016, Dermot J O’brien (Corp. VP) sold 8,532 shares at $87.70 per share price.Also, On Apr 4, 2016, Jan Siegmund (Corporate Vice President) sold 13,651 shares at $90.00 per share price.On Apr 4, 2016, Douglas W Politi (other) sold 6,825 shares at $90.00 per share price.

Automatic Data Processing: On Friday, Jul 1, 2016 heightened volatility was witnessed in Automatic Data Processing which led to swings in the share price. The shares opened for trading at $92 and hit $92.97 on the upside , eventually ending the session at $92.75, with a gain of 0.96% or 0.88 points. The heightened volatility saw the trading volume jump to 24,56,786 shares. The 52-week high of the share price is $92.97 and the company has a market cap of $42,251 M . The 52-week low of the share price is at $64.29.

Automatic Data Processing Money Flow Index Chart

Company has been under the radar of several Street Analysts.Automatic Data Processing is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $87 .The Rating was issued on May 2, 2016.Automatic Data Processing is Initiated by Compass Point to Sell and the brokerage firm has set the Price Target at $76. The Rating was issued on Apr 15, 2016.

Automatic Data Processing Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services benefits administration recruiting and talent management human resources management insurance services retirement services and payment and compliance solutions. The Company’s PEO business ADP TotalSource offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions including HR administration employee benefits and employer liability management into a single-source solution including HR administration employee benefits and employer liability management.

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